Key Points
Mumbai: Rajesh Exports' omission in filing a key report along with its audited financial results for the year ended March 2023 is raising eyebrows on Dalal Street...
The gold refiner and manufacturer, which posted revenues of 3.4 lakh crore in FY23 and has a market value of over 17,000 crore, did not put out its audit report and a comparative number of cash flow statements when it announced its FY23 and Q4 results on May 30..
Chartered accountants said the audit report - the auditor's note on the company's financial statement - is tracked closely by investors..
PL Venkatadri, partner at BSD & Co, the statutory auditor for Rajesh Exports, said the firm has signed and delivered the audit report but is unaware whether the company has filed it along with the results to stock exchanges...
Additionally, as per Ind-AS 1, comparative financial statements, including balance sheet, P&L statement, and cash flow statement, must be submitted, offering insights into the preceding year."..
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